Generali Employee Benefits (GEB) Network has entered into a strategic partnership with Unum to strengthen its international employee benefits offering in the UK.
As part of the agreement, Unum will assume renewal rights for Generali UK’s employee benefits business, which includes its Group Risk products.
The arrangement will see Unum take on responsibility for administering in-force policies and claims, ensuring ongoing service continuity for customers. Unum will also integrate Generali UK’s employee benefits team into its operations.
The partnership aims to enhance the GEB Network’s ability to serve multinational clients, their employees and brokers through a broader range of solutions and improved service delivery.
Generali UK Group Risk policies will transition to Unum at the next rate review once policy terms are agreed. A formal transfer of remaining policies and claims will be pursued under Part VII of the Financial Services and Markets Act 2000, subject to regulatory approval.
Ludovic Bayard, CEO of GEB Network, says: “Welcoming Unum into the GEB Network reflects our strategic ambition and unwavering dedication to sustainable growth and operational excellence.
“Both Unum and GEB value long-term partnerships built on integrity and mutual trust and share a relentless focus to ‘deliver on the promise’, one of Generali’s key values centred around improving lives.”
Mark Till, CEO of Unum UK, comments: “This acquisition, combined with the expansion of our operations, strengthens our commitment to delivering high quality workplace protection benefits and exceptional customer experiences.”
